Worried About a Recession? Do These 4 Things to Prepare

Soaring inflation, raising interest rates, and generally negative consumer sentiment have together cast a pall on today's economic landscape. As a long-term investor, there isn't much you can do to change any of the broad market indicators, but there are a few things you can do to manage through them -- especially in the event of a recession. 

Let's briefly take a look at four ways to prepare for a potential contraction in economic activity.

You'll rarely ever regret having more cash on hand than you need, so be sure you've stashed away at least six months of living expenses in an easily accessible -- and fully liquid -- savings account. You can easily compare rates across providers to determine which gives you the best deal, though the key aspect of the emergency fund is that it's insulated from market volatility and can be accessed quickly. 

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Source Fool.com